Signaturefd LLC Has $507,000 Stake in Accenture PLC (ACN)

Signaturefd LLC increased its stake in Accenture PLC (NYSE:ACN) by 8.6% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 4,226 shares of the information technology services provider’s stock after buying an additional 333 shares during the period. Signaturefd LLC’s holdings in Accenture PLC were worth $507,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Accenture PLC by 6.2% in the first quarter. Vanguard Group Inc. now owns 47,379,397 shares of the information technology services provider’s stock valued at $5,679,843,000 after buying an additional 2,749,896 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Accenture PLC by 2,139.5% in the first quarter. BlackRock Inc. now owns 39,462,967 shares of the information technology services provider’s stock valued at $4,730,821,000 after buying an additional 37,700,871 shares during the last quarter. State Street Corp boosted its stake in shares of Accenture PLC by 2.7% in the first quarter. State Street Corp now owns 25,356,641 shares of the information technology services provider’s stock valued at $3,039,762,000 after buying an additional 665,860 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of Accenture PLC by 8.8% in the first quarter. Wellington Management Group LLP now owns 21,583,126 shares of the information technology services provider’s stock valued at $2,587,385,000 after buying an additional 1,738,262 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Accenture PLC by 4.7% in the first quarter. Bank of New York Mellon Corp now owns 13,907,609 shares of the information technology services provider’s stock valued at $1,667,243,000 after buying an additional 625,381 shares during the last quarter. 77.48% of the stock is currently owned by institutional investors.

Accenture PLC (NYSE:ACN) traded up 0.01% during mid-day trading on Friday, reaching $128.25. The company’s stock had a trading volume of 348,134 shares. Accenture PLC has a 52 week low of $108.83 and a 52 week high of $130.67. The company’s 50-day moving average price is $126.48 and its 200 day moving average price is $122.42. The firm has a market capitalization of $79.26 billion, a price-to-earnings ratio of 22.71 and a beta of 1.11.

Accenture PLC (NYSE:ACN) last posted its earnings results on Thursday, June 22nd. The information technology services provider reported $1.52 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.52. Accenture PLC had a net margin of 9.92% and a return on equity of 43.96%. The firm had revenue of $8.87 billion during the quarter, compared to the consensus estimate of $8.82 billion. During the same quarter last year, the firm earned $1.41 EPS. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. On average, equities analysts forecast that Accenture PLC will post $5.90 earnings per share for the current fiscal year.

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ACN has been the topic of several analyst reports. BidaskClub cut Accenture PLC from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 28th. Morgan Stanley set a $132.00 price objective on Accenture PLC and gave the stock a “hold” rating in a research note on Friday, June 16th. Robert W. Baird reissued a “neutral” rating and set a $138.00 price objective (up from $132.00) on shares of Accenture PLC in a research note on Wednesday, June 14th. Cowen and Company upped their target price on Accenture PLC from $131.00 to $135.00 and gave the company an “outperform” rating in a research note on Wednesday, June 28th. Finally, Cantor Fitzgerald reaffirmed a “buy” rating and set a $135.00 target price on shares of Accenture PLC in a research note on Monday, May 29th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $130.71.

In related news, insider Richard Lumb sold 2,200 shares of Accenture PLC stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $129.26, for a total value of $284,372.00. Following the completion of the sale, the insider now owns 119,013 shares in the company, valued at approximately $15,383,620.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Pierre Nanterme sold 40,134 shares of Accenture PLC stock in a transaction that occurred on Monday, June 26th. The shares were sold at an average price of $123.02, for a total transaction of $4,937,284.68. Following the completion of the sale, the chief executive officer now owns 222,362 shares of the company’s stock, valued at approximately $27,354,973.24. The disclosure for this sale can be found here. Insiders sold a total of 79,817 shares of company stock valued at $9,920,929 in the last quarter. 0.21% of the stock is owned by insiders.

Accenture PLC Company Profile

Accenture plc is a professional services company serving clients in various industries and in geographic regions, including North America, Europe and Growth Markets. The Company provides management and technology consulting services. Its segments include Communications, Media and Technology; Financial Services; Health and Public Service; Products, and Resources.

Institutional Ownership by Quarter for Accenture PLC (NYSE:ACN)

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